Tech stock to watch: Keysight Technologies Inc(NYSE:KEYS)

Free $50 Forex No-Deposit Bonus

Keysight Technologies Inc(NYSE: KEYS) opened positive this morning, rallying over 3.5% on December 7th, 2017 (As of   9:45AM EST; Source: Google finance) leading to a total rise of over 19% in this year to date.

The group’s overall orders enhanced 27% on a yoy basis to over $1 billion, with core orders rising 11%. They delivered a 20% revenue growth and generated a 20% operating margin and EPS of $0.71, which was $0.07 better than the midpoint of their guidance and $0.02 above the high-end.

Overall orders rose 15%, or 7% core growth while the group built a strong backlog as well. Order growth was strong across all geographies, with Europe, Japan and rest of Asia delivering a 6%, 11% and 7% growth. On the other hand, the core revenues fell 3% in the Americas.

Gross margin enhanced 440 basis points to 61.9% on a year-over-year basis boosted by favorable core product mix and the addition of Ixia. Communication Solutions Group or CSG revenue rose 10% against pcp boosted by R&D solutions for new technologies, including 5G, 4.9G LTE-Advanced, and Wi-Fi test. CSG also comprises aerospace, defense and government end markets, which generated revenue of $182 million in the fourth quarter from $188 million in pcp.

Total CSG revenue for the quarter was $462 million, or 4% growth was 62.9% gross margin and 21.3% operating margin. Our Electronic Industrial Solutions Group or EISG generated fourth-quarter revenue of $206 million, up 3% from last year. Automotive and energy led the growth, followed closely by general electronics measurement. EISG reported a gross margin of 61.3% and operating margin of 21.8%.

Ixia Solutions Group delivered a revenue of $124 million, while gross margin reached 76.2% and an operating margin of 16.4%. ISG witnessed a solid demand for their high-speed Ethernet test solutions, including 400 gig and strong orders for its security and application solutions. Services Solutions Group or SSG revenue enhanced 2% on a year-over-year basis to reach $110 million. Revenue growth for SSG was enhanced by sales for both calibration and remarketed solutions. This lead to a SSG revenue for the year to $419 million, which is a rise of 4% against last year. In the fourth quarter, SSG reported gross margin of 42.6% and operating margin of 16.3%.

Copyright © 2018. All Rights Reserved. FXDailyReport.Com
Risk Warning: Trading CFDs is a high risk activity and you may lose more than your initial deposit. You should never invest money that you cannot afford to lose. will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and costs associated with trading the financial markets.